| Schedule of Provision for Income Taxes |
The provision for income taxes consisted of the
following:
| | |
Year ended March 31, | |
| | |
2026 | | |
2025 | | |
2024 | |
| | |
| | |
| | |
| |
| Current income tax expense | |
$ | - | | |
$ | - | | |
$ | - | |
| (Over)/under provision for income taxes in prior financial years for the Singapore subsidiary | |
| (21,432 | ) | |
| 16,830 | | |
| (43,790 | ) |
| | |
$ | (21,432 | ) | |
$ | 16,830 | | |
$ | (43,790 | ) |
|
| Schedule of Reconciliation of Income Tax Rate |
The reconciliation of income tax rate to the effective
income tax rate based on income before income taxes for the year ended March 31, 2026, 2025 and 2024 are as follows:
| | |
2026 | | |
2025 | | |
2024 | |
| | |
| | |
| | |
| |
| Loss before income taxes | |
$ | (1,182,673 | ) | |
| | | |
$ | (213,685 | ) | |
| | | |
$ | (48,236 | ) | |
| | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Income tax expense at statutory rate @17% | |
| (201,054 | ) | |
| 17.0 | % | |
| (36,326 | ) | |
| 17.0 | % | |
| (8,200 | ) | |
| 17.0 | % |
| Tax incentives | |
| - | | |
| -% | | |
| - | | |
| -% | | |
| (28,995 | ) | |
| (60.1 | )% |
| Tax effect of deductible contractual lease payment | |
| (112,892 | ) | |
| (9.5 | )% | |
| (26,863 | ) | |
| (12.6 | )% | |
| (25,738 | ) | |
| (53.4 | )% |
| Tax effect of non-deductible items | |
| 149,707 | | |
| 12.7 | % | |
| 102,609 | | |
| 48.0 | % | |
| 72,042 | | |
| 149.4 | % |
| Singapore statutory stepped income exemption | |
| (6,919 | ) | |
| (0.6 | )% | |
| - | | |
| -% | | |
| (13,072 | ) | |
| (27.1 | )% |
| Utilization of capital allowance | |
| (94,438 | ) | |
| (8.0 | )% | |
| (39,478 | ) | |
| (18.5 | )% | |
| (37,962 | ) | |
| (78.7 | )% |
| (Over)/Under provision of income taxes in prior financial years, net | |
| (21,432 | ) | |
| (1.8 | )% | |
| 16,830 | | |
| 7.9 | % | |
| (43,790 | ) | |
| (90.8 | )% |
| Losses not subject to income tax | |
| 271,251 | | |
| 22.9 | % | |
| 58 | | |
| -% | | |
| - | | |
| -% | |
| Foreign tax rate differential | |
| (1,833 | ) | |
| (0.2 | )% | |
| - | | |
| -% | | |
| - | | |
| -% | |
| Others | |
| (3,822 | ) | |
| (0.3 | )% | |
| - | | |
| -% | | |
| 41,925 | | |
| 86.9 | % |
| | |
$ | (21,432 | ) | |
| (1.8 | )% | |
$ | 16,830 | | |
| 7.9 | % | |
$ | (43,790 | ) | |
| (90.8 | )% |
|